The directors of Encounter Resources Ltd. announced that Encounter has been awarded a co-funded EIS drilling grant of up to $220,000 for the Aileron Cu-REE project (100% ENR) in the West Arunta region. Encounter awarded a co-funded drilling grant of up to $220,000 under the WA Government's Exploration Incentive Scheme ("EIS") for the Aileron Cu-REE Project ("Aileron") in the West Arunta region of WA. Detailed 8,000 line km airborne magnetic-radiometric survey in progress to refine targets for drilling in 2023.

Only two exploration drill holes have been reported to date in this 130km long, prospective geological belt in the West Arunta. Both holes, drilled ~20km apart, are well mineralised: EAL001 at Aileron contained zones of anomalism in copper (up to 0.1% Cu), niobium (up to 773ppm Nb) and highly elevated rare earth elements (up to 0.8% TREO). PARC003 completed by WA1 Resources Ltd. intersected a niobium-REE mineralised carbonatite system located less than 1km from Encounter's boundary.

Magmatic hydrothermal mineral systems are certainly active in the region which is highly encouraging for the formation of IOCG and carbonatite-hosted REE deposits. Encounter controls a commanding position in the West Arunta with a +100km east-west tenement holding containing numerous drill targets with limited or no prior exploration.